Report For Week Dated: 6/07/2015
NCDEX Refined Soya Oil (Price are in INR (Rs)/10kg)
Traders by chance long can keep the stop loss at 573.
Resistance is at 589.4-596.
Traders long can take profits at 589-596.
Further rally is above 596.
Buy if 596 is crossed with low of the week as the stop loss or 583 whichever is lower.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
583.9
|
559.7
|
UP
|
521.4
|
2.01
|
569.6
|
579.5
|
585.0
|
589.4
|
599.3
|
*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Positional Traders: If trend is up then traders long can hold long position with weekly closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a weekly closing stop loss of DRV: Close <DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
|
Price G/L%
|
Volume
|
% V Inc/Dec
|
Open Interest
|
% OI Inc/Dec
|
Candle
|
Position
|
583.9
|
-0.4
|
281310.0
|
-7.5
|
213030
|
-6.0
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
65.32
|
2.19
|
60.48
|
0.06
|
12.47
|
4.38
|
67.40
|
-2.26
|
Weekly Chart
Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above.